NZ punters are slow to catch on and should have read the original announcement mor thoroughly
NZX should issue a speeding ticket I reckon
That trade of 100,000 signals confidence
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NZ punters are slow to catch on and should have read the original announcement mor thoroughly
NZX should issue a speeding ticket I reckon
That trade of 100,000 signals confidence
Its always bit of worry when a company has to explain punters how undervalued their sp is relative to company's performance....hmmm!!!
If you take out the recent really high volume days (~1m odd shares) yesterdays 185,000 shares was way above daily average
Yes wait and see - might be 200 today or might be 150, who knows
Interesting that the recent 1,300k and 900k volume days the share price fell (significantly) - a keen seller?
Could well be, don't really follow this stock. My observations were more around the fact that company has to blow its trumpet to drive up sp, which is not normal trading practice for many companies.
If you're doing a good job around fundamentals, the sp will take care of itself.
Latest stats
https://www.nzx.com/files/attachments/251129.pdf
Suppose 'broadly in line with Eroad's expectations' means the stats are pretty good
In my mind "broadly" implies the stats aren't quite as expected. Not too impressive considering TCU forecasts have already been downgraded dramatically - twice. Original forecast (US) was for 12,440 TCUs by 31 March 2016, revised down again to between 6000 - 6000 by March 2016.
This company seems way off (at this stage) and terrible at predicting the market they operate in. Teething, perhaps.
Nice little ride lately, finally picked a stock at the bottom of a dip! :t_up: